15 Feb You are the senior partner in an independent Risk Management Consultancy. You have been approached by Mr Smith, the CEO of Imported Cars Motor Group PLC, a large chain of motor dea
Case study: Unit 2 Risk Management in the Organisation
You are the senior partner in an independent Risk Management Consultancy. You have been approached by Mr Smith, the CEO of Imported Cars Motor Group PLC, a large chain of motor dealers, involved in all aspects of the motor trade, with a chain of 30 dealerships in all parts of UK. They currently have a substantial insurance programme arranged through a well-established firm of insurance brokers. The average annual insurance cost per premises is 200,000.
At a recent business conference, Mr Smith was introduced to the risk management concept. He has therefore asked you to submit to him a report setting out the case for Imported cars adopting an overall risk management approach to their business, and “reduce their dependency on insurance”.
1. Justifying a risk management approach to risk exposures.
2. Explaining how Imported Cars should implement this strategy.
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